Tuesday, November 30, 2010

ObamaCare 1099 Requirement: Kohl, Feingold Love It

You won't be surprised to know that Feingold voted to keep the ObamaCare 1099 requirement, nor that Herbie woke up and voted to keep it.

Here's the brief on the requirement:

...nearly 40 million U.S. businesses would start filing tax forms in 2012 for every vendor that sells them more than $600 in goods.

Of course, Feinie and Herbie have a "reason" for voting to drown businesses with new paperwork: they had to find $19Bn in revenues or spending reductions to match the (supposed) gains from the requirement.



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